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Tracking a benchmark as closely as possible in the selection and weighting of investments (index funds).
Paying agent for foreign investment funds in Switzerland, from whom investors can demand the issue and redemption of units/shares in physical form (not to be confused with the paying agent in respect of EU savings tax).
Statistic corresponding to the total return achieved on a unit/share over a given period. This figure is expressed as a percentage of the net asset value per unit/share at the beginning of the observation period, and is calculated as follows:
Investment fund that pays no distribution during the observation period:
Performance-related fee charged by the fund company in addition to the normal management fee. This fee is charged on the difference between the performance achieved and the performance of a benchmark index or a minimum return, and is only charged when this difference is in the investor's favor.
Total or part (in particular securities holdings) of the investments of persons or entities (companies, investment funds).
Instruments for the strategic construction of a portfolio in line with the specific needs of the investor. Investment funds with a clear focus on a certain asset class and currency, country or sector are particularly suitable for this purpose.
The duration represents the average length of time for which capital is tied up in the money market investments, bonds and other debt securities in an investment fund portfolio. Largely determines the volatility of the net asset value in the event of interest-rate fluctuations. Unlike the residual term to maturity, the duration also takes into account returning cash flows from interest payments.
Investment fund that invests its assets in traditional and non-traditional investments as well as in different currencies in accordance with its investment objective and reference currency.
Natural person or legal entity that invests and manages the assets of an investment fund at their own discretion on behalf of the fund company, while heeding the provisions of the fund regulations.
Issue/redemption of units/shares by the fund company on the basis of the net asset value.
Risk capital financing for companies that are in principle not listed on an exchange or wish to delist. Investments are usually made at an early stage in a company's development, when its chances of success are uncertain and the risks are correspondingly high.
Company that designs and as a rule also distributes investment funds, but delegates the setting up and management of the funds to a third party. The function of a promoter is not governed by law and can also be defined differently.
The prospectus as a rule contains the fund regulations and other information useful for investors.